|Description||Malaysia Building Society Berhad (“MBSB” or “the Company”) would like to announce its achievement for the 2nd quarter 2012 as compared to the 2012 Headline Key Performance Indicators (“KPIs”).|
On 10 May 2012, the Company had announced its target Headline KPIs for 2011 as set out in Table 1. These KPIs have been set and agreed by the Board of Directors and Management of the Company as part of the broader KPI framework that the Company has in place, as prescribed under the Government Linked Company (“GLC”) Transformation program and is disclosed on a voluntary basis.
It should be noted that these headline KPIs are targets or aspirations set by the Company for the respective years as a transparent performance practice. The KPIs should not be construed as estimates, forecasts or projections of the Company or representations of any future performance, occurrence or matter as the headlines are merely a set of targets or aspirations of future performance aligned to the Company’s strategy.
HEADLINE KPIs FOR THE 2ND QUARTER 2012
The Group net return on equity and revenue growth has exceeded the Headline KPIs. This was mainly due to higher income from loans especially personal financing. These were partly set off by higher operating expenses and higher collective assessment impairment allowances.
This announcement is dated 30 August 2012.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||30 Aug 2012|